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...One person said there was a lack of trust between the former partners and members of the current leadership team, and “this is not the Grant Thornton that we were hired into”....
...[once] . . . we have taken steps to improve our safety culture and rebuild trust”. The company said it would provide more details in Wednesday’s update....
...Since it was founded in 2013, the bank has raised $1.8bn from investors including Peter Thiel’s Valar Ventures and Li Ka-shing’s Horizons Ventures....
...We are focused on advancing our technology and earning back public trust,” the company added. Cruise on Thursday said it was co-operating with law enforcement agencies....
...Investing in companies at the forefront of structural change means share price peaks and troughs are inevitable, for both the companies we own and the trust itself....
...The company also raised a $725mn fixed-rate loan with a coupon of 7.63 per cent....
...The trust grew from a market capitalisation of £80mn in 1980 to about £3bn today....
...Google’s new marketing rules allow ads touting “cryptocurrency coin trusts” to appear alongside search results for queries such as “bitcoin ETF”....
...Blackstone has a financial exposure to the trust....
...“I don’t know if I’d trust them to run a bath,” Trinder said....
...This new generation of “trust busters” lament excessively lax antitrust policy in recent decades that they say has harmed competition across the US economy....
...“Improved outreach programmes are needed to better inform people of the key signs to look out for and what to do next,” said Professor James N’Dow, a commission member and founder of Horizons Trust & Horizons...
...They’re basically investment trusts that make loans to smaller companies, have a 2x cap on leverage, usually list shares on a stock exchange and have to pay out 90 per cent of profits to investors....
...On Monday Hg Capital Trust, an investment company managed by Hg, said the new transaction valued its own stake in Argus at about £52mn....
...Wellcome Trust warns of private equity ‘shakeout’ Nick Moakes, chief investment officer of the £38bn Wellcome Trust, reckons that the private equity industry is facing a “shakeout” that could result in...
...California authorities, which suspended the company’s licences to operate two weeks ago, also claimed Cruise executives didn’t initially disclose the car’s second manoeuvre to regulators, though the company...
...Grayscale’s bitcoin ETF accounted for about half of the action, according to Bloomberg Intelligence and the company, which said $1bn in trading occurred within 90 minutes of markets opening....
...The driverless halt was necessary in order for Cruise to “take steps to rebuild public trust” and assess its processes and systems, the company said at the time....
...A Ford family trust controls 40 per cent of the carmakers’s voting power, ensuring that the pay changes still passed this year. Ford declined to comment....
...Also popular is Legal & General’s US Index and International Index Trust — which both heavily feature technology companies such as Microsoft, Apple and Nvidia — and were the ninth and tenth most popular...
...On Tuesday, MPs on the Business and Trade committee will grill Nick Read, Post Office chief executive, and Paul Patterson, chief executive for Europe at Fujitsu, the company that developed the Horizon computer...
...She sits on the boards of Anglian Water Services, recruiter Hays, and the National Trust and is a member of HM Treasury’s audit and risk committee....
...Smaller horizons Possibly the most unloved part of the unloved UK market? Smaller companies....
...And Fujitsu, the technology company behind Horizon, which has so far been untouchable, has won £5bn more in government contracts since its software was found not to be robust by the High Court in 2019....
...publicised accident involving one of its driverless vehicles in San Francisco, General Motors-owned Cruise said on Thursday that the “most important thing for us right now is to take steps to rebuild public trust...
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